TEKEVER raises $580M Series D, DTCP closes €455M defence fund, and the challenge to reinvent chip design

This week, we tracked more than 65 tech funding deals worth over €2 billion and over 4 exits, M&A transactions, rumours, and related news stories across Europe.

Written by
Cate Lawrence
Published by
Tech.eu
Published
Length
394 words · 2 min
TEKEVER raises $580M Series D, DTCP closes €455M defence fund, and the challenge to reinvent chip design
GeneralTEKEVER raises $580M Series D, DTCP closes €455M defence fund, and the challenge to reinvent chip design This week, we tracked more than 65 tech funding deals worth over €2 billion and over 4 exits, M&A transactions, rumours, and related news stories across Europe. This week, we tracked more than 65 tech funding deals worth over €2 billion and over 4 exits, M&A transactions, rumours, and related news stories across Europe.

If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox.

❗ Want to explore the data in more detail? The free, open-access Tech.eu Funding Explorer offers deeper insights into funding rounds, investor activity, company profiles and market trends.

Either way, let's get you up to speed.

💸 Notable and big funding rounds

🇵🇹 TEKEVER raises $580M Series D at $6.4B valuation

🇳🇱 Bird raises $450M in debt, headcount cut from 1,000 peak to 120

🇫🇮 Verda raises $189M to advance its AI cloud and expand compute capacity

🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇩🇪 Munich-based agri-PV startup feld.energy is acquiring its Cologne-based competitor AckerKapital

🇪🇸  EYSA acquires Joinup and strengthens its position as a comprehensive mobility operator

🇫🇷 Mistral AI acquires Pimento and continues its move towards business applications

🚀 Interesting moves from investors

💰 DTCP closes €455M defence fund to scale Europe’s strategic tech capabilities

💵 Final Frontier and Myriad unite behind €100M defence tech fund

💸 NewSchool VC closes €10M Fund I to back early-stage B2B tech

💸.Project Ventures launches £5M fund for Imperial-rooted deeptech and AI startups

🗞️ In other (important) news

🇸🇬 Singapore's NUSX is coming for Munich's deeptech crown — with UnternehmerTUM as its partner

🇪🇺  SPRIND and NADI launch €40M challenge to reinvent European chip design

🇨🇭 Switzerland's top-funded tech companies in H1 2026

🇪🇪 Estonian Defence Forces sign three-year defence tech partnership with VC Archangel

📡 Recommended reads and listens

🇳🇱 Eevi raises pre-seed funding to get language learners speaking from day one

🤖 Adlyse wants AI agents managing ad campaigns 24/7

💪 DiffuseDrive is filling the data gaps holding back Physical AI

🤖 Europeans in Japan raise $1.2M to put modular humanoid robots to work

🔭 European tech startups to watch 

🇩🇪 Palma.ai raises $1.8M to bring governed AI agents to more enterprises

🇳🇱 Duqu raises €1.5M to give businesses faster access to working capital

🇮🇹 Gamindo raises €1.4M to make corporate training more interactive

🇪🇸 AI platform Reply Next secures €400,000 pre-seed funding

Write Comment

Where this came from

This story was reported by Cate Lawrence and first published by Tech.eu on 25 September 2026. HUE Legacy Ventures did not write it.

Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.

Read it at tech.eu →